Bloomberg Politics: news on page 745

Hensarling, GOP Lawmaker Who Oversees Wall Street, to Retire

Hensarling, GOP Lawmaker Who Oversees Wall Street, to Retire

U.S. Representative Jeb Hensarling, who leads the House panel that writes laws for the financial industry, said he won’t seek reelection next year, becoming the latest high-profile Republican to
Social Networks Unable to Promise Election Meddling Won't Recur

Social Networks Unable to Promise Election Meddling Won't Recur

Facebook Inc., Google and Twitter Inc. told Congress they aren’t sure they’ve measured the full extent of Russia’s manipulation of social networks in last year’s U.S. presidential campaign and they
Senate Is Discussing Plan That Would Keep ‘Death Tax’, Hatch Says

Senate Is Discussing Plan That Would Keep ‘Death Tax’, Hatch Says

Senate tax writers are discussing a plan to keep the estate tax, but double the thresholds at which it applies, Senator Orrin Hatch said.
Ousted Catalan Leader Summoned to Court From Brussels Exile

Ousted Catalan Leader Summoned to Court From Brussels Exile

Ousted Catalan leader Carles Puigdemont was summoned back from exile to appear in a Madrid court on suspicion of sedition, hours after he painted his rebellious government as the victims of a vengeful
Republican Senators Say They Would Resist Any Attempt to Hobble Mueller Probe

Republican Senators Say They Would Resist Any Attempt to Hobble Mueller Probe

Any attempt by the Trump administration to cut off funding for Special Counsel Robert Mueller or otherwise hobble the investigation would be met by a public uproar and resistance from Congress,
Manafort's Deals With Russian Oligarch Hint at Financial Web

Manafort's Deals With Russian Oligarch Hint at Financial Web

His name appears nowhere in the indictment rocking Washington -- the one that accuses Paul Manafort of spiriting millions through secret accounts and shell companies.
House Tax Chief Says Plans to Preserve 401(k) Pretax Limits

House Tax Chief Says Plans to Preserve 401(k) Pretax Limits

House Ways and Means Chairman Kevin Brady says he doesn’t plan to reduce the pretax contributions American workers can make to 401(k) retirement plans -- “unless there’s broad agreement” among

Jerusalem Envisions Highway Roof to Help Solve Land Scarcity

Hemmed in on the north, east and south by political issues limiting construction, and on the west by environmental considerations, Jerusalem has to get creative to find space to build.

Trump Says ‘Hopefully Not’ on Phasing In Corporate Tax-Rate Cut

President Donald Trump said Tuesday that “some people have mentioned” phasing in a proposed corporate tax-rate cut as part of broad tax-overhaul legislation that’ll be released Wednesday, but “we’re
Trump Expects Tax Bill Signing by Christmas

Trump Expects Tax Bill Signing by Christmas

President Donald Trump speaks to reporters about his upcoming trip to Asia and his expectations for U.S. tax reform at the White House. (Source: Bloomberg)
Brexit Is Already Costing the U.K. Government $882 Million

Brexit Is Already Costing the U.K. Government $882 Million

Getting ready to leave the European Union is already costing the British government more than half a billion pounds, as many as 8,000 civil servants and 300 programs.
FEMA Chief Says Agency Didn't Know About Whitefish Contract

FEMA Chief Says Agency Didn't Know About Whitefish Contract

The head of the Federal Emergency Management Agency testified Tuesday that his agency didn’t know about a $300 million no-bid contract to rebuild Puerto Rico’s electrical grid until after it was
New York Lawmaker Says Proposal to Keep Property Tax Break Is ‘Gaining Traction’

New York Lawmaker Says Proposal to Keep Property Tax Break Is ‘Gaining Traction’

A proposal to preserve the federal income-tax break for state and local property taxes -- but not for state and local income taxes or sales taxes -- is gaining traction among House members, according
How Russia Meddling Became Social Media's Problem: QuickTake Q&A

How Russia Meddling Became Social Media's Problem: QuickTake Q&A

Facebook and Twitter, the social media giants, are at the red-hot center of the investigation into Russia’s clandestine involvement in the 2016 U.S. election. In advance of a congressional hearing,
U.K. Hints at Compromises on Brexit Bill as Date Set for Talks

U.K. Hints at Compromises on Brexit Bill as Date Set for Talks

The U.K. signaled it’s preparing to compromise over money in its stand-off with the European Union, as a new round of Brexit talks offered the chance to break the deadlock.
DNC's Perez Criticizes McConnell's ‘Silence’ on Manafort Charges

DNC's Perez Criticizes McConnell's ‘Silence’ on Manafort Charges

Democratic National Committee Chairman Tom Perez chastised Republican leaders on Tuesday, saying their silence about criminal charges against former aides to President Donald Trump was “appalling.”
Kushner Partner Says Teardown of Fifth Avenue Tower Unlikely

Kushner Partner Says Teardown of Fifth Avenue Tower Unlikely

A Kushner Cos. plan to salvage its indebted marquee Manhattan office tower by replacing it with one twice as tall doesn’t make sense, the building’s co-owner said, dealing a likely death blow to the
U.S. Solar Developers Relieved at Small Import Tariff Proposals

U.S. Solar Developers Relieved at Small Import Tariff Proposals

The U.S. solar industry let out a collective sigh of relief after trade commissioners proposed import tariffs that were less than half what a bankrupt U.S. panel maker is seeking in a closely watched
Trump Not Planning to Visit DMZ During South Korea Trip

Trump Not Planning to Visit DMZ During South Korea Trip

President Donald Trump won’t visit the demilitarized zone dividing South Korea and North Korea during his trip to Asia that begins Friday, a senior administration official said Tuesday.
EU and U.K. Close to Agreeing New Brexit Talks

EU and U.K. Close to Agreeing New Brexit Talks

The European Union’s chief Brexit negotiator said he’s ready to intensify the pace of talks with the U.K, as the window of opportunity to begin trade talks this year is closing.